Although it’s not something we all like to think about, we’re all going to die at some point. Dying without a will in place, on top of the grief, can cause a financial nightmare for the people you care about. Your affairs can be in limbo for years.
In spite of this many people still don’t have one, either don’t want to think about making a will or are worried about the cost. You must be aware it could leave behind big problems, possibly as severe as being unable to pay the bills as the bank’s locked off the money. So…
“Whatever your age, if you’ve assets eg, a house, savings, or a business, and people or others you’d like to look after, consider making a will.”
Not making a will can cause months or years of grief for your loved ones. There are many specific reasons for writing a will, including:
Children – If you have children or step-children under 18, you should choose who will look after them and ensure there are funds to help.
Unmarried couples – The law doesn’t really recognise this, so don’t expect anything to go to your partner if you don’t make a will.
Divorced – You may want to update your will to include what happens to your assets if a previous partner remarries.
Specific funeral plans – If you know what you want your funeral to be like, you can detail it so that your family doesn’t have to make the decisions.
Getting your will set up is important for everyone to consider and can be done easily. A lot of funeral plan providers offer a free professional will writing service.
If you’re over 60 years old and have no funeral cover, read this.